History was made on Tuesday in the Northern region of Nigeria as President Muhammadu Buhari supervised the first oil drilling in the region. Naija News reports...
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has expressed concern over the growing theft of the nation’s crude oil, a development he said is...
Data released by the National Bureau of Statistics has shown that crude oil exports valued at N5.9bn accounted for 80 per cent of total exports undertaken...
The Nigeria National Petroleum Corporation Limited (NNPC) will supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years....
The Central Bank of Nigeria (CBN) has revealed in its statistical report that there was a decline in crude oil revenue in the first quarter of...
The Organisation of Petroleum Exporting Countries (OPEC) has reportedly raised Nigeria’s oil production quota. The development was revealed in a document made available in the public...
Oil marketers in Nigeria have maintained an increased pump price for Premium Motor Spirit, popularly called petrol, higher than the approved rate after the price of...
Nigeria’s oil production crashed by about 14.94 million barrels in the second quarter of 2022, Naija News reports. Data obtained from the latest Monthly Oil Market...
The Nigerian government has lost about N500.6bn from the sale of crude oil between January and May this year. It was gathered on Wednesday that the...
Despite shortfalls in meeting targets on crude oil production for internal and external use, a total of N202.91 billion was earned by the Nigerian government in...
A Foreign Trade report by the National Bureau of Statistics (NBS) revealed that Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of 2022....
President Muhammadu Buhari-led government on Monday stated that it is targeting local refining of over 2.555 billion barrels of crude oil worth over N120trn in the...
Data from the Nigeria Extractive Industries Transparency Initiative for 2021 reveals Nigeria lost N2.2 trillion in one year due to the Deferment of crude oil output...
Governor Muhammad Badaru Abubakar of Jigawa State has asserted that no government in the history of Nigeria can equate the achievement of the incumbent administration led...
Not until issues such as vandalism, oil theft, and low investments are addressed accordingly, Nigeria may continue to lose fortunes from crude oil, Naija News reports....
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of 2022....
The Federal Government has stated the country’s oil reserves increased by 0.136 billion barrels to 37.046 billion barrels as of January 31, 2022. Naija News reports...
According to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the country’s oil reserve has increased a bit between a year to the present time. The commission...
The number of functional crude oil production rigs in Nigeria has dropped to 10, the Organisation of Petroleum Exporting Countries, OPEC, revealed this in it’s latest...
By Richard Ogunsile and Chukwuani Victoria When a country borrows hugely either internally or externally, there is an expectation the borrowed funds will impact its economy...